Paul Jones And Brian Gagne Of BLP Acquire Industrial Portfolio In Fontana For $83.5M

This transaction involves the acquisition of a recently constructed, fully leased, three-building Class A industrial portfolio located in Fontana, California. The sale price was $83,500,000, and the property encompasses a total square footage of 332,793 with a price per square foot of $250 in the Inland Empire West market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $83,500,000
• Square Footage: 332,793
• Price per Square Foot: $250
• Buyer: Paul Jones & Brian Gagne - BLP - Bridge Logistics Properties
• Brokers: Darla Longo & Rebecca Perlmutter Finkel - CBRE

BLP's acquisition reflects their disciplined investment strategy, targeting high quality assets in significant logistics markets. Darla Longo and Rebecca Perlmutter Finkel from CBRE represented the sellers in this transaction, contributing to the successful closure of this deal.